Question: Your client has asked you about being able to deduct investment interest during 2019. They took out a loan to purchase a commercial load that

Your client has asked you about being able to deduct investment interest during 2019. They took out a loan to purchase a commercial load that they will hold for investment and plan on selling in a few years. The interest paid on the loan in 2019 is $5,000. They plan on having about $26,000 in itemized deductions not counting the $5,000 interest deduction. They d not have any investment income this year.

How will their investment interest deduction be calculated? Can any be deducted for 2019 or any future years if applicable?

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